USD/CHF Price Forecast: US Dollar clings above 0.7830 with bearish pressure growing
- USD/CHF is struggling to stay above 0.7830 after Thursday's rejection at 0.7900.
- News of a US-Iran truce extension has triggered a moderate risk appetite.
- The pair is trading on a descending channel with bears eyeing the 0.7800 area.
The US Dollar (USD) is trading flat against the Swiss Franc (CHF) on Friday, attempting to hold above 0.7830 after rejection at the 0.7900 area on Thursday. News of an extension of the US-Iran truce has boosted a moderate appetite for risk and is weighing on the safe-haven US Dollar across the board.
Axios reported on Thursday that the US and Iran had reached a memorandum of understanding to extend the ceasefire for 60 days, although the agreement is still pending the signature of US President Donald Trump.
Hopes of peace in Iran have offset the positive USD impact of the strong US Personal Consumption Expenditures (PCE) Price Index figures seen on Thursday, which keep hopes of a Federal Reserve (Fed) rate hike alive. In Switzerland, the KOF Leading Indicator has shown marginal improvement in economic activity in April, with no relevant impact on the Swiss Franc.
Technical Analysis: USD/CHF is trapped within a bearish channel
USD/CHF trades at 0.7839, holding within a downward channel with momentum indicators showing a growing bearish impulse. The 4-Hour Relative Strength Index (RSI) around 43 leans mildly bearish without being oversold, while the Moving Average Convergence Divergence (MACD) histogram prints wider red bars.
Bears are focusing on the support area above 0.7800 ( May 13, 14, and 25 lows), which is likely to hold downside attempts ahead of the confluence of the May 8 low, near 0.7760, and the channel bottom, now at 0.7755.
On the topside, trendline resistance aligns with Thursday's highs at 0.7900. Further up, the April 12 high, in the area of 0.7930, is also likely to test bulls ahead of the early April highs above 0.8000.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.12% | 0.16% | 0.02% | 0.16% | 0.09% | -0.43% | 0.01% | |
| EUR | -0.12% | 0.04% | -0.09% | 0.08% | -0.03% | -0.52% | -0.10% | |
| GBP | -0.16% | -0.04% | -0.13% | 0.00% | -0.07% | -0.56% | -0.14% | |
| JPY | -0.02% | 0.09% | 0.13% | 0.17% | 0.07% | -0.45% | -0.00% | |
| CAD | -0.16% | -0.08% | -0.01% | -0.17% | -0.09% | -0.58% | -0.15% | |
| AUD | -0.09% | 0.03% | 0.07% | -0.07% | 0.09% | -0.49% | -0.06% | |
| NZD | 0.43% | 0.52% | 0.56% | 0.45% | 0.58% | 0.49% | 0.43% | |
| CHF | -0.01% | 0.10% | 0.14% | 0.00% | 0.15% | 0.06% | -0.43% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Guillermo Alcala
FXStreet
Graduated in Communication Sciences at the Universidad del Pais Vasco and Universiteit van Amsterdam, Guillermo has been working as financial news editor and copywriter in diverse Forex-related firms, like FXStreet and Kantox.
